Loan Calculator

Here you can calculate the estimated payment per month for our loan options.

Please note: This is for reference only and is not a final calculation

Disclaimer

Calculation is based on the above assumptions.

OBS: This is for reference only and is not a final calculation

Compare loan options

Disclaimer

Property Price

Loan amount

Loan has to be between 1.000.000 - 65.000.000

Loan terms in years

Loan terms must be between 5 - 40 years

	Non-indexed loan Non-indexed loan Non-indexed loan does not change in relations to the Consumer Price Index for indexation, and therefor are higher than the indexed ones. {{ data0 \| currency }} kr /month	Mixed loan Mixed loan For mixed loans you can choose the distribution between indexed and non-indexed loans. {{ data2 \| currency }} kr /month		Indexed loan Indexed loan Indexed loan change in relation to the Consumer Price Index. Which leads to a slower asset formation since the principal will change according to inflation. {{ data4 \| currency }} kr /month
	Non-indexed	Non-indexed	Indexed	Indexed
Interest rate	{{data25}} %	{{data28}} %	{{data30}} %	{{data32}} %
Interests Vextir VIndexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Non-indexed loans have variable interest rates, but those are fixed for 24 months at a time.	Fixed for 2 years ({{dataInterest2 \| iceprosenta}}%)	Fixed for 2 years ({{dataInterest3 \| iceprosenta}}%)	{{value}} ({{dataI[key] \| iceprosenta}}%)	{{value}} ({{dataI[key] \| iceprosenta}}%)
Loan amount	{{ data6 \| currency }}	{{ data8 \| currency }}	{{ data9 \| currency }}	{{ data10 \| currency }}
Mortgage rate Mortgage rate A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while non-indexed loans can be up to 75% of the purchase price or real estate valuation of a property.	{{ data58 \| prosentarounddown}} %	{{ data60 \| prosentarounddown }} % {{ data61 \| prosentarounddown }} %		{{ data62 \| prosentarounddown }} %
Loan terms Loan terms The loan term can be between 5 years and 40 years.	y	y	y	y
Annual percentage of costs Annual percentage of costs Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis.	{{ data76 \| rounddown}} %	{{ data78 \| rounddown}} %	{{ data79 \| rounddown}} %	{{ data80 \| rounddown}} %
Payment options Payment options: Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added.	{{value}}	{{value}}	{{value}}	{{value}}
Estimate inflation* Áætluð verðbólga (1) Average inflation the last 12 months (2) Average annual inflation the last 10 years			{{parseFloat(value).toFixed(2)}} % ({{ key + 1 }}) %	{{parseFloat(value).toFixed(2)}} % ({{key + 1}}) %
Payment and notification fee Payment and notification fee ISK 350 for each due date. You can request to have the payment slip sent home, at an additional cost.	{{data64 \| currency}}	{{data66 \| currency}}	{{data67 \| currency}}	{{data68 \| currency}}
Payment per month Payment per month Monthly loan repayment. This refers to payment number 2 in the payment plan.	{{ data70 \| currency }}	{{ data72 \| currency }}	{{ data73 \| currency }}	{{ data74 \| currency }}
Sjá meira
Borrowing fee Borrowing fee Borrowing fee is deducted from the loan disbursement payment.	{{ data82 \| currency }}	{{ data84 \| currency }}	{{ data85 \| currency }}	{{ data86 \| currency }}
Registration fee Registration fee A registration fee is paid by the borrower to the District Commissioner. It is not deducted from the loan disbursement.	{{ data88 \| currency }}	{{ data90 \| currency }}	{{ data91 \| currency }}	{{ data92 \| currency }}
Indexation Indexation Inflation increases the principal of index linked loans, and the increase is paid on the due dates that remain to be paid on the loan. In theory, the borrower „borrows“ the inflation. It should be borne in mind that the interest is calculated on top of the index value-adjusted principal. The calculation of indexation is based on the Consumer Price Index.	{{ data94 \| currency }}	{{ data96 \| currency }}	{{ data97 \| currency }}	{{ data98 \| currency }}
Total cost	{{ data100 \| currency }}	{{ data102 \| currency }}	{{ data103 \| currency }}	{{ data104 \| currency }}
Loan amount after costs	{{ data106 \| currency }}	{{ data107 \| currency }}	{{ data107 \| currency }}	{{ data108 \| currency }}
See fewer fee lines.
Total paid	{{ data109 \| currency }} kr	{{ data110 \| currency }} kr		{{ data111 \| currency }} kr
	Apply View payment plan	Apply View payment plan (2) Non-Indexed Indexed		Apply View payment plan

Non-indexed Non-indexed loan Non-indexed loan {{ data0 \| currency }} kr /month
Interest rate	{{data25}} %
Vextir Interest rate Indexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Non-indexed loans have variable interest rates, but those are fixed for 24 months at a time.	Fixed for 2 years ({{dataInterest2 \| iceprosenta}}%)
Upphæð láns	{{ data6 \| currency }}
Mortgage rate Mortgage rate A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while non-indexed loans can be up to 75% of the purchase price or real estate valuation of a property.	{{ data58 \| prosenta}} %
Loan terms Loan terms The loan term can be between 5 years and 40 years.	years
Annual percentage of costs Annual percentage of costs Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis.	{{ data76 \| rounddown}} %
Payment options Payment options Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added.	{{value}}
Payment and notification fee	{{data64 \| currency }}
Payment per month	{{ data70 \| currency }}
View more
Borrowing fee Borrowing fee Borrowing fee Borrowing fee is deducted from the loan disbursement payment.	{{ data82 \| currency }}
Registration fee	{{ data88 \| currency }}
Indexation	{{ data94 \| currency }}
Total cost	{{ data100 \| currency }}
Loan amount after fees	{{ data106 \| currency }}
See fewer fee lines
Total paid	{{ data109 \| currency }} kr
	Apply View payment plan

Payment plan - Non-Indexed laon

Download information pdf

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Mixed loan {{ data2 \| currency }} kr /month
	Non-Indexed	Indexed
Interest rate	{{data28}} %	{{data30}} %
Interest Interest Indexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Non-indexed loans have variable interest rates, but those are fixed for 24 months at a time.	Fixed for 2 years ({{dataInterest3 \| iceprosenta}}%)	{{value}} ({{dataI[key] \| iceprosenta}}%)
Loan amount	{{ data8 \| currency }}	{{ data9 \| currency }}
Mortgage rate Mortgage rate A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while non-indexed loans can be up to 75% of the purchase price or real estate valuation of a property.	{{ data60 \| prosenta }} % {{ data61 \| prosenta }} %
Loan terms Loan terms The loan term can be between 5 years and 40 years.	year	year
Annual percentage of costs Annual percentage of costs Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis.	{{ data78 \| rounddown }} %	{{ data79 \| rounddown }} %
Greiðslumáti Payment options Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. JEqual installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added.	{{value}}	{{value}}
Estimated inflation* Estimated inflation Average inflation for the last 12 months and 10 years are marked as "12 mo." og "10 y"		{{value}} % %
Payment and notification fee	{{data66 \| currency}}	{{data67 \| currency}}
Payment per month Payment per month Monthly loan repayment. This refers to payment number 2 in the payment plan.	{{ data72 \| currency }}	{{ data73 \| currency }}
View more
Borrowing fee Borrowing fee Borrowing fee is deducted from the loan disbursement payment.	{{ data84 \| currency }}	{{ data85 \| currency }}
Registration fee	{{ data90 \| currency }}	{{ data91 \| currency }}
Indexation	{{ data96 \| currency }}	{{ data97 \| currency }}
Total fees	{{ data102 \| currency }}	{{ data103 \| currency }}
Loan after fees	{{ data107 \| currency }}	{{ data107 \| currency }}
See fewer fee lines
Total paid	{{ data110 \| currency }} kr
	Apply View payment plans (2) Non-Indexed Indexed

Payment plan - Non-Indexed (Mixed)

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Payment plan - Indexed loan(Mixed)

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Indexed loan Indexed loan Indexed loan {{ data4 \| currency }} kr /month

Interests	{{data32}} %
Interests Interests Indexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Non-indexed loans have variable interest rates, but those are fixed for 24 months at a time.	{{value}} ({{dataI[key] \| iceprosenta}}%)
Loan amount	{{ data10 \| currency }}
Mortgage rate Mortgage rate A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while non-indexed loans can be up to 75% of the purchase price or real estate valuation of a property.	{{ data62 \| prosenta }} %
Loan terms Loan terms The loan terms can be between 5 and 40 years	years
Annual percentage of costs Annual percentage of costs Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis.	{{ data80 \| rounddown }} %
Payment options Payment options Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added.	{{value}}
Estimated inflation* Estimated inflation Average inflation for the last 12 months and 10 years are marked as "12 mo." og "10 y"	{{value}} % %
Payment and notification fee	{{data68 \| currency}}
Payment per month Payment per month Monthly loan repayment. This refers to payment number 2 in the payment plan.	{{ data74 \| currency }}
View more
Borrowing fee Borrowing fee Borrowing fee is deducted from the loan disbursement payment.	{{ data86 \| currency }}
Registration fee	{{ data92 \| currency }}
Indexation	{{ data98 \| currency }}
Total fees	{{ data104 \| currency }}
Loan after fees	{{ data108 \| currency }}
See fewer lines
Total paid	{{ data111 \| currency }} kr
	Apply View payment plan

Payment plan - Indexed loan

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Payment plan - Non-indexed loan

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Payment plan - Non-indexed loan (Mixed)

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
View all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Payment plan - Indexed loan(Mixed)

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

Payment plan - Indexed loan

View information PDF

Payment no.	Date	Remainder	Payment	Interest	Indexation	Fees	Total paid
Show all payments								{{index + 1}}	{{item.Gjalddagi \| date}}	{{item.Eftirstodvar \| currency}}	{{item.Afborgun \| currency}}	{{item.Vextir \| currency}}	{{item.Verdbaetur + item.VerdbaeturVxt \| currency}}	{{item.Greidslugjald \| currency}}	{{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald \| currency}}

	Non-indexed loan Non-indexed loan Non-indexed loan does not change in relations to the Consumer Price Index for indexation, and therefor are higher than the indexed ones. {{ data0 \| currency }} kr /month	Mixed loan Mixed loan For mixed loans you can choose the distribution between indexed and non-indexed loans. {{ data2 \| currency }} kr /month		Indexed loan Indexed loan Indexed loan change in relation to the Consumer Price Index. Which leads to a slower asset formation since the principal will change according to inflation. {{ data4 \| currency }} kr /month
	Non-indexed	Non-indexed	Indexed	Indexed
Interest rate	{{data25}} %	{{data28}} %	{{data30}} %	{{data32}} %
Interests Vextir VIndexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Non-indexed loans have variable interest rates, but those are fixed for 24 months at a time.	Fixed for 2 years ({{dataInterest2 \| iceprosenta}}%)	Fixed for 2 years ({{dataInterest3 \| iceprosenta}}%)	{{value}} ({{dataI[key] \| iceprosenta}}%)	{{value}} ({{dataI[key] \| iceprosenta}}%)
Loan amount	{{ data6 \| currency }}	{{ data8 \| currency }}	{{ data9 \| currency }}	{{ data10 \| currency }}
Mortgage rate Mortgage rate A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while non-indexed loans can be up to 75% of the purchase price or real estate valuation of a property.	{{ data58 \| prosentarounddown}} %	{{ data60 \| prosentarounddown }} % {{ data61 \| prosentarounddown }} %		{{ data62 \| prosentarounddown }} %
Loan terms Loan terms The loan term can be between 5 years and 40 years.	y	y	y	y
Annual percentage of costs Annual percentage of costs Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis.	{{ data76 \| rounddown}} %	{{ data78 \| rounddown}} %	{{ data79 \| rounddown}} %	{{ data80 \| rounddown}} %
Payment options Payment options: Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added.	{{value}}	{{value}}	{{value}}	{{value}}
Estimate inflation* Áætluð verðbólga (1) Average inflation the last 12 months (2) Average annual inflation the last 10 years			{{parseFloat(value).toFixed(2)}} % ({{ key + 1 }}) %	{{parseFloat(value).toFixed(2)}} % ({{key + 1}}) %
Payment and notification fee Payment and notification fee ISK 350 for each due date. You can request to have the payment slip sent home, at an additional cost.	{{data64 \| currency}}	{{data66 \| currency}}	{{data67 \| currency}}	{{data68 \| currency}}
Payment per month Payment per month Monthly loan repayment. This refers to payment number 2 in the payment plan.	{{ data70 \| currency }}	{{ data72 \| currency }}	{{ data73 \| currency }}	{{ data74 \| currency }}
Sjá meira
Borrowing fee Borrowing fee Borrowing fee is deducted from the loan disbursement payment.	{{ data82 \| currency }}	{{ data84 \| currency }}	{{ data85 \| currency }}	{{ data86 \| currency }}
Registration fee Registration fee A registration fee is paid by the borrower to the District Commissioner. It is not deducted from the loan disbursement.	{{ data88 \| currency }}	{{ data90 \| currency }}	{{ data91 \| currency }}	{{ data92 \| currency }}
Indexation Indexation Inflation increases the principal of index linked loans, and the increase is paid on the due dates that remain to be paid on the loan. In theory, the borrower „borrows“ the inflation. It should be borne in mind that the interest is calculated on top of the index value-adjusted principal. The calculation of indexation is based on the Consumer Price Index.	{{ data94 \| currency }}	{{ data96 \| currency }}	{{ data97 \| currency }}	{{ data98 \| currency }}
Total cost	{{ data100 \| currency }}	{{ data102 \| currency }}	{{ data103 \| currency }}	{{ data104 \| currency }}
Loan amount after costs	{{ data106 \| currency }}	{{ data107 \| currency }}	{{ data107 \| currency }}	{{ data108 \| currency }}
See fewer fee lines.
Total paid	{{ data109 \| currency }} kr	{{ data110 \| currency }} kr		{{ data111 \| currency }} kr
	Apply View payment plan	Apply View payment plan (2) Non-Indexed Indexed		Apply View payment plan